The seller was a real estate broker, and I had no agent representing me - so I believe his fiduciary responsibility was higher than it would be otherwise. After discovering a slab leak a couple of weeks ago, I found out that the seller had been included in a class action lawsuit against the manufacturer of the faulty polybutylene plumbing pipes. Because of the case settlement, he could have replaced the pipes at the manufacturer's cost, but he did not. Years later, I was sold the property and the pipe situation was not disclosed to me.
My understanding is that real estate transactions in California require full disclosure, and that a lack of disclosure could result in the seller's liability to the buyer. Do I have a case to sue the seller for the $6000 cost of replacing the pipes?
2007-06-27
12:28:51
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7 answers
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asked by
Marko
6
in
Business & Finance
➔ Renting & Real Estate
Apparently, the whole neighborhood knew about the pipes. The same plumber fixed most of the other houses on the street. Also, I did pay to have a good inspection done, but the inspector did not note the pipes - and couldn't have - because the faulty pipes were under the foundation slab.
2007-06-27
12:55:41 ·
update #1
The pipe manufacturer, Qest, acknowledged that it’s product would consistently fail at the joints, and was required in a class action settlement to replace upon request of the homeowners all pipes up to 17 years after installation, which in the case of my home ended in 2000 (home was built in 1983). I bought the house in 2003. I thought there might be recourse against the seller, who I’m sure intentionally made a misrepresentation, specifically checking off on required disclosures that to his knowledge there was no problem with the plumbing.
2007-06-28
04:56:02 ·
update #2